Ecolution appoints BDO to increase as much as £40m

Ecolution appoints BDO to increase as much as £40m Ecolution has asked corporate financiers from BDO to look at options after receiving approaches from suitors interested in investing in the business. The business was founded by brothers Andrew and Kevin Knapp, both formerly construction engineers, in 1999, and since then has grown swiftly. " . Research by KPMG has found that a growing number of private equity and infrastructure funds are wanting to buy renewable energy companies. Ecolution's move to seek funding comes as experts predict there will be a surge in deal making in the renewable energy sector. Last year, Ecolution generated £5m in turnover and is on course to have £9m sales this year. "Costs are falling speedily to the point where renewables could soon start to challenge traditional energy sources. Andy Cox, head of power and utilities at KPMG, said: "What our research has found is that green energy is becoming viewed by investors in much the same way as conventional infrastructure asset classes, like water companies and electricity grids. Buyers are said to be interested in acquiring a comprehensive variety of renewable energy businesses, such as onshore wind companies. Ecolution appoints BDO to increase as much as £40m Trade News selected by Local Linkup on 09/05/2012